A British developer and an American real estate investment firm have teamed up to build “lasting and liveable” commercial and mixed-use schemes in London and across the UK. Argent Related — formed from a partnership between Argent, one of the UK’s most prominent developers, and Related Companies, the award winning US investment... Read More
Midtown, the central London district comprising Bloomsbury, Holborn and St Giles, is set to receive £15 million in private investment after local business leaders voted overwhelmingly to support inmidtown Business Improvement District (BID) and its ambitious five year plan. Over 88 per cent of businesses in Midtown – which include... Read More
Europe’s leading listed commercial property company, Unibail-Rodamco, has today announced a major leasing deal with Hennes & Mauritz (H&M) Group to take space for its H&M, COS and & Other Stories brands at Scandinavia’s largest shopping centre development, Mall of Scandinavia. The three Swedish brands have agreed... Read More
As developers begin to address the need for Grade A office space in Birmingham, property investment firm Ardstone Capital has revealed plans to renovate 1-3 Newhall Street in the city centre. The plans involve extending the rear of the 12-storey building, known as Phoenix House, and adding a projection to create a new façade on Newhall... Read More
Conservation and heritage wrangles could send out the wrong message to potential international investors, one of Scotland’s leading developers has claimed. Bruce Hare, whose development company Duddingston House Properties (DHP) had hoped to start work on the £55m hotel conversion of Edinburgh’s former Royal High School (above)... Read More
More than 40,000 new jobs could be created in the East Midlands if land already earmarked for distribution and logistics projects is delivered, claims a new study. Commissioned by Leicester and Leicestershire Housing Planning and Infrastructure Group, the research also found that over the next two decades sites for which demand is... Read More
Chinese investors’ appetite for Class A US commercial property is once again evident as the country’s Anbang Insurance Group, owner of the Waldorf Astoria Hotel, has agreed to buy 21 floors of an office building on Fifth Avenue in Manhattan. The building is situated at 717 Fifth Avenue on East 56th Street. Anbang has agreed to buy... Read More
When Sahara Grosvenor House Hospitality Limited paid a mammoth £470 million for the Grosvenor House Hotel back in 2010, it set a new record for the London hotel market and indicated that foreign investment into the capital was on the rise. However, it seems that this record may once again be broken, this time by the very same property, as... Read More
Queensberry Real Estate’s Friars Walk retail and leisure destination is one of the most highly anticipated commercial developments currently ongoing in South Wales, with the 390,000 sq ft facility due to bring a number of new retailers to Newport. With work remaining on schedule, the firm has announced that the official opening will take... Read More
Gara Rock, a cliff-top resort near Salcombe on the Devon's ‘Gold Coast’, is set to become the most expensive property on the West Country market with an asking price of £8.5 million. The resort includes an 18 bedroom boutique hotel, a number of high-spec cottages, a café/restaurant, 11 apartments and a spa which features... Read More
Barwood Capital — one of the UK’s leading real estate asset and investment managers — has launched a new £50m fund aimed at regional commercial property. With leverage and reinvested capital, the five-year fund will have an investment ceiling of £200m. The fund — which will close next month— immediately attracted more than... Read More
Major regeneration projects continue to be a key feature of commercial property activity with Scunthorpe becoming the latest town to benefit from an upcoming retail and leisure redevelopment. This will take place at the Gallagher Leisure Park on Doncaster Road after restaurant tycoon Raja Adil snapped up a large chunk of the site in order to... Read More
Industrial investor, Centurion Properties, has taken control of a leading Midlands business park. It paid £25m to buy the 33-acre complex near Burton from its original joint venture development partner TH Real Estate. Both partners originally acquired Bretby Business Park — between Burton-upon-Trent and Ashby-de-la-Zouch — for £7... Read More
Business rates are currently subject to widespread calls for reform, as highlighted by the recent open letter to the Chancellor from Hammerson boss David Atkins, which describes the system as anachronistic, opaque and no longer fit for purpose. In response to mounting pressure George Osborne has promised a review of the system, but his... Read More
British Land has acquired the Surrey Quays Leisure Park from Aviva Investors in a deal worth a mammoth £135 million. Surrey Quays is one of Southwark’s premier leisure destinations and at present counts big name brands such as Odeon Cinemas, Frankie and Benny’s and Hollywood Bowl as key tenants. The acquisition means that... Read More
The Westgate Oxford development is currently one of the most exciting upcoming retail projects in the country, with numerous potential tenants lining up to secure units in the £440 million complex. Today, the Westgate Oxford Alliance – a joint venture between Land Securities and The Crown Estate – confirmed that Laing O’Rourke has been... Read More
A company owned by Israeli billionaire and gambling tycoon Teddy Sagi, Market Tech (MT), has paid almost £100m for two London assets — effectively giving it control of a strategic island of Camden properties. Added to the ownership of another block on Jamestown Road, the purchase of The Interchange Building and Camden Wharf also... Read More
It was recently reported that the restricted supply of quality industrial property in the North West had led to a fall in take-up. Similarly, the shortage of prestige office space in the North-East’s regional capital has reached such a critical level that companies are no longer considering city centre premises. Despite a steady rise... Read More
A decade after it was first proposed — and four years after it was granted outline planning permission — the controversial expansion of a County Durham retail park is about to start. And the go-ahead has been welcomed by a local MP. Despite concerns over the potential impact on shops in nearby Seaham and Peterlee, the Government... Read More
Private investors are becoming increasingly active in the hotels market, with destinations including the Lake District and the Peak District proving popular with small chains looking to expand. This week, the four star Stone Manor Hotel in Worcestershire has changed hands, with new owners Helena and Andy Hogarth now considering refurbishment... Read More
As manufacturing firms continue to seek expansion opportunities, industrial take up levels in a number of regions have seen records broken, with the West Midlands enjoying high levels of interest. But in the North West a lack of quality supply has begun to limit industrial growth in the region. According to DTZ’s Industrial Property... Read More
Seventeen Belfast properties are about to have their listed status revoked under a Department of Environment (DoE) review — including one of the city’s oldest pubs. Kelly’s Cellars in Bank Square is being considered for delisting along with a handful of other buildings for what the Government department claims is a “lack of... Read More
